Texan pleads guilty to running bitcoin Ponzi scheme

By September 21, 2015Bitcoin Business

A Bitcoin logo is displayed at the Bitcoin Center New York City in New York’s financial district July 28, 2015. A Texas man accused of operating a Ponzi scheme involving bitcoins pleaded guilty on Monday in what prosecutors say was the first U.S. criminal securities fraud case related to the digital currency.

Trendon Shavers, who authorities said defrauded investors after raising more than $4.5 million worth of bitcoins while operating Bitcoin Savings and Trust, pleaded […]

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